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...on a home that is priced $524K? It was listed at about $630K, but it was priced way too high to begin with. The listing says it is slashed in price for a quick sale. Comps are at about $509K...But, the house needs a lot of work. Outdated cabinets, formica counter tops, old appliances, needs new carpet. BUT, it is in a FAB neighborhood. What do you think? Taxes are high...about $6K.
...on a home that is priced $524K? It was listed at about $630K, but it was priced way too high to begin with. The listing says it is slashed in price for a quick sale. Comps are at about $509K...But, the house needs a lot of work. Outdated cabinets, formica counter tops, old appliances, needs new carpet. BUT, it is in a FAB neighborhood. What do you think? Taxes are high...about $6K.
Were the comps recent and in similar condition or were they updated already?
Not sure what taxes have to do with the value of the house or the offer. Can you explain what you mean?
just throwing out how much taxes are...don't know if higher taxes means a better area? no clue.
and we really love the location and the house has good bones...they lay out is exactly what we want.
oh, and comps were ran today...i think they include the past 3 months.
How much are you going to have to spend on upgrading the house so that it compares equally to the comps? This needs to be factored in before you come up with a price.
...on a home that is priced $524K? It was listed at about $630K, but it was priced way too high to begin with. The listing says it is slashed in price for a quick sale. Comps are at about $509K...But, the house needs a lot of work. Outdated cabinets, formica counter tops, old appliances, needs new carpet. BUT, it is in a FAB neighborhood. What do you think? Taxes are high...about $6K.
Ask your agent. This requires local knowledge. If you don't have an agent hire one.
That is not an automatic response with me by the way. There are people quite capable of working it out for themselves. But you don't appear to be one or you would not be asking that kind of nut and bolt question here.
Does the area have tons of inventory? How long has it been sitting? How many times has the price dropped? What's the sales history on the home? What market?
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